I am a Mechanical Engineer, 24 years of age and passionate about getting into hedge fund business. I do not have a financial background. But wanting to learn Investment Banking proactively.
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Here is my opinion on the subject for what its worth, although I am also a chimp.
hedge fund jobs are very limited. Most the people who are working for hedge funds have been in the business for a while and have had a lot of success at other funds and got brought on to a hedge fund to make more speculative bets, and thus because these analysts have the knowledge and experience they are trusted by the accredited investors who are the clients of hedge funds. Basically the only person I have known with absolutely no experience who landed an internship at a hedge fund knew the manager of the fund personally. Its not an easy gig to get unless you are first very good at being an analyst at a regular fund. The only other route to joining a hedge fund is to start your own which most likely is not practical.
Here is the advice though from someone in the business, although certainly not at a hedge fund. Figure out exactly what it is you want to do in the financial industry and make sure that goal is obtainable. If you are just starting and have not got a degree from an Ivy then you are not going to start out at a hedge fund, and even then you may not get picked. So maybe try and start out at a lower tiered firm and establish a book of clients and show that you can generate positive alpha year in and year out. Try to segment your business toward clients who have more ability to take on risk and eventually you can take them to your hedge fund when you find one that will hire you or if you find partners and start your own.
Seems like you want to shoot for the moon which is super awesome and all but if you dont first have the structure to do it you will just get turned down, unfortunately.
Investment management (hedge funds) and investment banking are not the same thing. You need to do more research to decide what it is you want to do.
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